Token Panel quite useful.
According to @ryanxcharles 's handy defining of "layers" of tokenization methodology...
Layer 0 token:
Tokens using satoshis (BSV tokens) themselves as tokens.
Layer 1 token:
Tokens which use BitCoin scripting language inside BSV tokens to implement the tokenization.
Layer 2 token:
Tokens OFF-chain.
EDITORIAL COMMENT:
My opinion? Tokens will be safest when attached to actual BSV tokens-- aka tokens should have a definitive "PAR" value associated with BSV tokens themselves ($170 BitCoin / 100mm = value in USD per satoshi). This has implications with the dust-limit (currently 140 sats) which Nodes agree to transact-- typically use BSVNode software (from nChain) or their own custom Node software. Why might it b important for tokens to have a "container value" in BSV? Garbage collection / efficiency.
There will be failed tokens, probably a lot of them, so why should Nodes maintain them on 0-value BSV tokens? It's a tax on the rest of the BSV community to have Nodes maintain nonsense coins.
More at the end of this article on implications for BSV's asset value wrt pruning/dust-limits...
https://sym.re/oavobE
Token Panel quite useful.
According to @ryanxcharles 's handy defining of "layers" of tokenization methodology...
Layer 0 token:
Tokens using satoshis (BSV tokens) themselves as tokens.
Layer 1 token:
Tokens which use BitCoin scripting language inside BSV tokens to implement the tokenization.
Layer 2 token:
Tokens OFF-chain.
EDITORIAL COMMENT:
My opinion? Tokens will be safest when attached to actual BSV tokens-- aka tokens should have a definitive "PAR" value associated with BSV tokens themselves ($170 BitCoin / 100mm = value in USD per satoshi). This has implications with the dust-limit (currently 140 sats) which Nodes agree to transact-- typically use BSVNode software (from nChain) or their own custom Node software. Why might it b important for tokens to have a "container value" in BSV? Garbage collection / efficiency.
There will be failed tokens, probably a lot of them, so why should Nodes maintain them on 0-value BSV tokens? It's a tax on the rest of the BSV community to have Nodes maintain nonsense coins.
More at the end of this article on implications for BSV's asset value wrt pruning/dust-limits...
https://sym.re/oavobE